CNBC’s Jim Cramer recently assigned the handle “The Magnificent Seven” to what is considered the biggest group of names in tech today: Amazon (AMZN), Alphabet (GOOGL), Apple (AAPL), Microsoft (MSFT), Meta Platforms (META), Tesla (TSLA), and Nvidia (NVDA). Their success is hard to miss.
So, is there still space left in the tech arena to generate returns? Yes! In fact, there are some firms you could categorize as growth stocks without forgetting their solid reputations in the tech industry.
The absolute best tech exposure to take advantage of now is where there’s upside potential. These stocks are undervalued and therefore come with bargain pricing we can’t ignore…
Gen Digital Inc (GEN)
Gen Digital (GEN) presents an attractive opportunity for tech investors as it’s heavily considered undervalued. GEN has achieved a strong presence with over 500 million users across 150 countries. GEN’s key software, including Norton, Avast, and Avira, enhances cybersecurity and online privacy. Recent reports show that bookings recently surpassed $1 billion. As investors catch on to GEN’s unjustified drop, shares have already rallied over 25% since the low in May 2023; here’s a great “buy the dip” opportunity. Let’s not forget, either, that GEN comes with a dividend.
Down year-to-date by 10.22%, GEN’s stock carries a 0.73 beta, positive TTM (trailing twelve-month) asset growth of 129.68%, a positive ROE (return on equity), and an ideal PEG (price/earnings to growth) ratio of 0.55x. At its last earnings call, GEN surpassed analysts’ projections on EPS and revenue by 5.18% and 0.74%, respectively, and reported year-over-year growth in critical areas like revenue (+32.26%), net income (+662.50%), EPS (+610%), and net profit margin (+476.49%). GEN has an annual dividend yield of 2.60% and a quarterly payout of 13 cents ($0.52/year) per share. With a 10-day average volume of 2.93 million shares, GEN has a median price target of $22.50, with a high of $27 and a low of $21; this indicates a potential price jump of more than 40%. GEN has 4 buy ratings and 2 hold ratings.
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Alteryx Inc (AYX)
Despite recent fluctuations, Alteryx Inc. (AYX) boasts significant revenue growth. With over 8,000 global customers and a strong, active community of over 300,000 members, Alteryx is gaining market share as a big-data software provider. AYX’s Q2 guidance may have been modest, but the full-year outlook suggests more revenue growth. While some might be concerned about net losses, AYX‘s revenue growth and ability to minimize losses make it an attractive option in the current market. AYX‘s recent underperformance compared to its peers makes it an intriguing opportunity for those looking for a tech bargain.
AYX’s stock is down year-to-date by 19.74%, is currently trading near the bottom of its existing 52-week range, yet shows a volatility-safe beta score of 0.54, and has positive TTM asset growth of 25.24%. Most recently, AYX exceeded analysts’ EPS expectations by 27.29% and reported year-over-year growth in revenue (+26.05%), net income (+15.66%), EPS (+18.59%), and net profit margin (+33.09%). For the current fiscal quarter, AYX is projected to report $182 million in sales, with a 3-5 year EPS growth rate of 98.4%. With a 10-day average trading volume of 1.29 million shares, AYX has an average price target of $65, with a
high of $95 and a low of $55; this represents a potential price upside of more than 133% from its present spot. AYX has 13 buy ratings and 5 hold ratings.
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Epam Systems Inc (EPAM)
EPAM Systems Inc. (EPAM) is an attractive pick from the list for a few reasons. EPAM has a broad range of services catering to over 280 Forbes Global 2,000 customers and partnerships with major companies like GOOGL and MSFT, the company exhibits strong potential. Despite the year-to-date decline, EPAM shares have surged over 80% in the past five years. EPAM maintains double-digit profit margins and shows consistent revenue growth. With a history of reaching an all-time high of over $700, investors could be rewarded long-term if the stock returns to such levels. EPAM’s recent $500 million stock buyback authorization also further supports potential gains.
EPAM stock is currently down year-to-date by 27.70% and is trading near the very bottom of its existing price range. However, EPAM boasts a positive ROE, 16.07% TTM asset growth, and $577 million in free cash flow. During its last earnings call, EPAM reported EPS of $2.47 per share vs. $2.34 per share as predicted by analysts, a 5.36% win. During the same time, EPAM reported year-over-year growth in key areas like revenue (+3.36%), net income (+14.01%), EPS (+13.82%), and net profit margin (+10.31%). For the current fiscal quarter, EPAM is projected to report $1.2 billion in sales at $1.24 per share, with a 3-5 year EPS growth rate of 24.8%. With a 10-day average volume of roughly 480 thousand shares, EPAM has a median price target of $251, with a high of $300 and a low of $215; this allows room for a potential 26% jump from its current price. EPAM has 17 buy ratings and 3 hold ratings.
Read Next – The truth about Saddam Hussein’s execution?
Ever heard of America’s “Doomsday Deal”?
I firmly believe…
In 2003, when US special forces dragged Saddam Hussein out of a stinking Iraqi hole…
Eight years later, when a US Predator drone took out the convoy of Libyan dictator Mohamar Gaddafi…
…and Gaddafi was then dragged into the street by rebel soldiers…
…sodomized with a bayonet…
…and executed on site…
In fact, this deal is so vital to our country’s wealth and security…
Every President for 50 years has defended it at all costs.
Until Calamity Joe Biden.
And I now predict…
The America we love is doomed.
And the biggest wealth transfer in US history is now underway.
>>See the truth about Biden’s terrible mistake HERE.<<
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